Infosys Announces Employee Salary Increments Effective November 1

Following a five-month postponement, Infosys Limited INFY, India's second-largest IT firm, has initiated salary increments for its workforce, which came into effect from November 1. This financial update is noteworthy considering the competitive market where firms like Accenture plc ACN and Wipro Limited WIT also compete.

Increment Details

The increments at Infosys were not implemented uniformly. It was noted that the salary hikes were selective, notably excluding those employees who were onboarded at junior levels post-October 2021. While this delineation in the pay raise policy marks a significant corporate move, it might also reflect the company’s strategic approach to manage expenses and reward long-term employees amid the competitive landscape of the IT industry.

Competitive Positioning in the IT Sector

Infosys INFY, with its head office in Bengaluru, India, operates on a global scale, providing cutting-edge digital consulting and services. The salary increment announcement places Infosys in the spotlight alongside other technology giants like Accenture plc, an Irish-domiciled multinational with consulting and processing capacities, and Wipro Limited, another global IT powerhouse also based in Bengaluru, India. These strategic moves in terms of employee compensation are crucial for the companies to retain talent and position themselves as employers of choice in a competitive industry.

Infosys, Salary, Employees